Beijing overtakes NYC as ‘Billionaire Capital'

``The Chinese capital has overtaken the Big Apple as home to the most billionaires -- 100 to 95 -- according to Hurun, a Shanghai firm that publishes a monthly magazine and releases yearly rankings and research about the world's richest people and their spending habits... Had the calculations been made at the market's peak last summer, the number of Chinese billionaires would have been nearly 150, Hoogewerf said.''